TechXpress acquired by two local buyers

(Gawkwire) – TechXpress, Inc., a provider of IT services and eCommerce Website solutions, has announced the sale of its assets to two separate parties for an undisclosed amount.

TechXpress’ IT Services division assets were sold to Tim Snyder, one of TechXpress’ longest tenured employees and, most recently, its Chief Technology Officer.

The IT Services division provides full-service IT management to small and medium sized organizations, currently serving approximately 50 clients in San Luis Obispo and Northern Santa Barbara Counties. The division has relocated to 710 Fiero Lane, Suite 14 in San Luis Obispo. All services will continue without interruption, and Snyder will retain the TechXpress company name.

“I’m thrilled to assume ownership of TechXpress’ IT Services division, which I’m intimately familiar with the operations of having been in a leadership role with the company for 9 years,” said Tim Snyder. We’ve never had a better team, all of whom are staying on board. I look forward to building upon the 15 years of quality service that TechXpress has been providing to the community.”

TechXpress’ eCommerce Solutions division assets were to publicly traded company, SpendSmart Networks, Inc. which is based in San Luis Obispo and run by CEO Alex Minicucci. Minicucci ‘s San Luis Obispo-based company SMS Masterminds was acquired by SpendSmart earlier this year.

The eCommerce Solutions division provides full-service web design, development, hosting, and marketing services, primarily for consumer goods manufacturers and resellers. The division currently serves approximately 50 national merchants with 2.5 million online consumers. All services will continue without interruption, and will operate under a new name, Masterminds Digital.

“With this acquisition comes an impressive, scalable back-end system for managing websites, and more importantly, a talented team of developers that have extensive experience with transaction-based sites designed to influence purchasing behavior,” stated Alex Miniccuci. “We are enthusiastic about our teams joining forces to cultivate our unique platform of mobile and web-based systems and services that drive customer engagement at every stage of the business relationship cycle. SpendSmart will continue to provide TechXpress’ existing client base with uninterrupted high quality web development and eCommerce services while also introducing our loyalty offerings.”

“I wasn’t actively looking to sell, but the stars aligned and brought me a win-win opportunity,” said Bryan Sarlitt, CEO and founder of TechXpress, Inc. “It allowed me to walk away with a clean slate having our debts paid off, allowed our staff to keep their jobs with more growth potential, and allowed our clients to receive more services and support than ever before. I’m absolutely confident in both Tim and Alex to continue carrying the torch by providing exceptional service within their respective divisions.”